Legal Opinion
In re GAC Corp.
District Court, S.D. Florida
Decided April 18, 1985No. Bankruptcy No. 76-131-BK-NCR-BPublished
1Opinion of the Court
ORDER REGARDING COMPENSATION FOR TRUSTEES OF GAC LIQUIDATING TRUST
THOMAS C. BRITTON, Bankruptcy Judge.
These proceedings involve a Chapter X arrangement under the Bankruptcy Act of 1898, as amended. A Restated Joint Plan of Reorganization was confirmed in 1980 and the case was closed in 1981 following the entry of a Final Decree.
*333In February, 1985, the case was reopened under § 2a(8) of the former Act1 by an Order to Show Cause (C.P. No. 4087). That Order directed the three trustees of the GAC Liquidating Trust to show cause on March 11:
“(1) why they should not be surcharged in the amount of…
2Cases cited5 opinions
- Fulton National Bank v. Mrs. Lucille M. Tate, Individually, and as Administratrix of the Estate of Steve C. Tate, DeceasedCourt of Appeals for the Fifth Circuit · 1966
- In Re Lieber's EstateSupreme Court of Florida · 1958
- Fine v. WeinbergCourt of Appeals for the Fourth Circuit · 1967
- Childs v. National Bank Of AustinCourt of Appeals for the Seventh Circuit · 1981
- Commerce Trust Co. v. AylwardCourt of Appeals for the Eighth Circuit · 1944